Network Levels
-
I’m currently planning to reorganize the entire way I have structured my
posts. I will not be deleting anything that has been posted before but the
older...
7.11.2011
Reader Texl's Road To One Million Gold
Today's guest post was written by Power Word: Gold reader and /r/WoWGoldMaking community member Texl. If you've reached a gold-making milestone and would like to share your experiences with the Power Word: Gold readers send us an email at [email protected].
One million gold! Six months ago the most I'd ever seen at once was about 50k, so hitting this milestone was quite a rush.
What started out as a plan to collect enough gold to buy up pieces for the then-rumored caster legendary soon became an interest in itself - I found making gold quite enjoyable, to the point where probably half of my play time was involved in gold-making pursuits. Now, I find myself out of game reading gold-making blogs and forums as much as raid strategy and class gameplay tips.
What you're all probably most interested in, though, is how I did it. I don't think I've done anything that would surprise seasoned gold-makers but after the jump you'll find my commentary on what I found effective (and not-so-effective) by profession.
Alchemy
Potions: one of my main sources of income. I mainly deal in what I consider the 5 main potions - Volcanic Potion, Golemblood Potion, Potion of the Tol'vir, Potion of Concentration, and Mythical Mana Potion. I maintain persistent AH stock of 5 stacks of 20 per type, and cancel/repost often to discourage competition and raise sales volume. The margins are not large, but there's consistent demand. To date, I've sold about 76,000 potions at margins ranging from 1g to 10g each.
Flasks: every once in a while when I get a great deal on herbs, I make a few batches of whatever flask seems profitable. They sell, but the guild cauldrons have certainly put a dent in what was long ago a very steady-demand market.
Potion of Illusion / Deepstone Oil: I tried these out because the margins were good. Sales volume was disappointing, though, and it felt like I spent more time reposting expired auctions than collecting gold.
Transmutes: I try to do a daily transmute, even on my non-transmute alchemists - it's free gold. Most of the time I do Living Elements, as the products are easier to move on the AH, but when Truegold is much more profitable I switch to that.
Enchanting
Disenchanting: buying cheap greens and melting them is free money, especially near content release time when Enchanting materials are in high demand. Disenchanting is also useful to melt the products of the infamous Obsidium Shuffle.
Enchant Cloak - Stealth: this is the best enchant available for BOA melee cloaks (8 agility), but it's only available from an exalted BC faction or a rare drop in AQ so it's not too common. I sell several of these a week at around 200g, materials cost is usually 50g tops.
Engineering
Engineering Pets: Pet Bombling, Lil' Smoky, Mechanical Squirrel Box. All are incredibly easy to find / learn, and all sell on my server for up to 100-150g margin. They're a bit of a pain to make, but since my main is my engineer it's something fun to do while I wait for raids to form up.
Gnomish X-Ray Scope: when Cataclysm launched, these flooded my market at rock-bottom prices (5-10g) - they're on the Engineering leveling path, and everyone was eager to get their helms made at 525. I bought up 50 or so and resold all of them before 4.2 hit at around 200-250g each. These days, unfortunately, I doubt they're a good investment.
Electrified Ether: 2 Volatile Air yield 2.5 Electrified Ether on average. Strangely, the Electrified Ether are often more expensive on the AH, despite the fact that most of its users are engineers that are able to make it more cheaply themselves. I suspect this is a market of ignorance, as the pattern originally only yielded 1 Electrified Ether per 2 Volatile Air.
Inscription
Darkmoon Faire Trinkets: Naturally, this is the largest Inscription moneymaker by far. It carries some risk, though, and is rather labor-intensive if you attempt to do it on a large scale. I made 47 trinkets for the Faire two months ago, which involved milling approximately 4000 stacks of herbs - but the payout was approximately 250k gold. These days, I'm considering dropping this - the labor hasn't changed at all, but prices are dropping due to competition from T12 gear.
Mysterious Fortune Cards / Fortune Cookies: I dabbled in this for some time, and it's a nice profit - but it's the same labor as the Darkmoon Faire trinkets for a much smaller profit. Finding a consistent outlet for Inferno Ink is getting harder, too, without dipping back into Darkmoon Faire trinkets.
Relics: I sold a lot of these as outlets for Inferno Ink back when they were still relevant. It's incredibly easy to get a nice relic just by running a few dungeons now, though.
Glyphs: I've tried to avoid this market as much as possible due to the glut of glyph sellers on my server, but occasionally I'll do a scan for any glyphs with a high margin and post what I think will sell.
Jewelcrafting
Obsidium Shuffle: I've tried to avoid this as much as possible too, as it's a lot of non-automated work. With the release of 4.2, though, I've seen some great profits using the Shuffle to output as many Inferno Rubies and Enchanting materials as possible.
Tailoring
Dreamcloth / Spellthread: I try to make Dreamcloth weekly and hoard it until content release time. In past expansions the spellthread market would flood the same as all the other item enhancement markets but since Dreamcloth is rate-limited I'm able to dump my entire stash at good prices without much competition.
Embersilk Bags: These are a good Hypnotic Dust sink, and are profitable on their own as well.
General
Rares: This is another one of my large moneymakers. I use a snatch list compiled from several found on various gold-making forums, and buy low / sell high. It's by no means a market for the impatient, but there is the possibility of massive profits. I've spent about 4k buying three Enchant Shield - Lesser Block formulae, and have sold two of them at a combined total of about 38k. A Dig Rat Stew recipe I picked up for 15g early in Cataclysm sold yesterday for 20k. Do some research, set up some notifications on The Undermine Journal, and if you're patient enough you can find some real gems.
Valor Points: Nothing fancy here. After a few weeks of raid clears, I had nothing better to do with my Valor Points than to sell off some BOE boots. I suspect the new BOE bracers will be more of the same.
Now What?
People ask what I'm going to do now that I've reached cap, but I think that's missing the point a bit. While it's nice to see that magic seventh figure in my gold total, the real fun for me has been earning it - and I intend to press on to 2 million and beyond.
-Texl
Thanks again to Texl for taking the time to record their experience on the road to one million gold. Congratulations again! In commemoration of Texl's great accomplishment this post will be added to the Community Gold-Making Milestones page . I hope we hear more from Texl in the future. (Hint hint.)
Like this post? Get even more Power Word: Gold: Subscribe via our RSS Feed. Subscribe to the Podcast via iTunes or Podcast RSS Feed. Circle us on Google+. Follow us on Twitter. Like us on Facebook. Subscribe on Youtube. Join us on reddit.
Labels:
Alchemy
,
Community
,
Crafting
,
Engineering
,
Gold
,
HowTo
,
Inscription
,
Jewelcrafting
,
Milestone
,
Rare
,
Recap
,
Tailoring
,
Tips
,
Tricks
Subscribe to:
Post Comments
(
Atom
)
Search powered by DuckDuckGo
Popular Posts
-
Today's guest post was written by Ohnekase from the gold-making blog Meet Ohnekase . You can also follow them on twitter at @WowOhn...
-
(Today's guest post was written by Animadnb. If you would like your gold-making guest post featured on Power Word: Gold please submit...
-
With the recent news that Activision Blizzard is buying back a controlling interest from Vivendi it was also made known that the curr...
-
I decided to have some fun with the exported data you can get from the Resources > Data Export page on WoWuction ( example page ). ...
-
We've created a tool for creating importable TradeSkillMaster (TSM) groups from almost any webpage that includes links to World of...
Gold-Making Blog Roll
-
-
Fabulous - Achievement - World of Warcraft - One of the reasons there might be a market in selling transmog items is the achievement below: Unlock each of the achievements listed below. Source: Fabulo...
-
2015 in absentia - I almost can't believe this is my first post in more than a year. I post glyphs just recently, and it was the first time in three months. So I thought I'...
-
Mechanisms of Action - It's been... a couple months - I think? Since I last really played WoW. Sure, I've logged in, but - I just screwed around in my Garrison and then stared ...
-
Így indul 2015 - Kedves Book of Gold vásárlók/érdeklődők! A 2015. január 1-től életbe lépő rengeteg törvénymódosítás között szerepelt egy ÁFA-törvény módosítás is. Eszerin...
-
Hearthstone - Hook, Line and Sinker - So I’m a fan of Blizzard games. World of Warcraft has been my primary method of distracting myself from pain since the Wrath of the Lich King (WotLK) expa...
-
Old school potions are insane - Hey peeps! Quick update here. If you have an alchemist laying around with Potion of treasure finding (Cataclysm recipe) and potion of luck (MOP recipe) t...
-
Name the Podcast: Vote - The finalists have been chosen! Now is the time to vote!! The poll will close right before we record Episode 4! You'll be able to vote 3 separate times 1....
Blog Archive
-
2014
(91)
- December (15)
- November (14)
- October (3)
- August (2)
- July (9)
- June (1)
- April (6)
- March (16)
- February (15)
- January (10)
-
2013
(227)
- December (11)
- November (11)
- October (14)
- September (10)
- August (13)
- July (30)
- June (22)
- May (26)
- April (32)
- March (17)
- February (18)
- January (23)
-
2012
(150)
- December (19)
- November (2)
- October (11)
- September (13)
- August (13)
- July (14)
- June (14)
- May (11)
- April (13)
- March (12)
- February (17)
- January (11)
-
2011
(159)
- December (11)
- November (10)
- October (8)
- September (13)
- August (9)
-
July
(13)
- Reader Question: As a Starter How Do I Know a Good...
- Reader Question: Why is it called the "Obsidium Sh...
- My 250K Gold Milestone Interview At WarcraftEcon
- The Power Word: Gold Podcast - Episode 016
- Soloing Firelands Raid Trash For Profit by Paintsa...
- Power Word: Gold Blog On Hiatus For One Month
- My Secret Shame: 250K Is The Most Gold I've Ever O...
- New Undermine Journal Feature: Seller Notification...
- The Power Word: Gold Podcast - Episode 015
- Reader Texl's Road To One Million Gold
- Engineering Items Selling In Patch 4.2
- New Auction Data Site AHSpy.com Launches (EU Soon*...
- The Power Word: Gold Podcast - Episode 014
- June (13)
- May (16)
- April (22)
- March (24)
- February (20)
Topics
- 77-80
- 83-84
- Addons
- Alchemy
- Analysis
- Arbitrage
- Auctioneering
- Auctions
- Barking
- Battle Pets
- Beta
- Blacksmithing
- Blog
- Blogging
- Breaking
- Community
- Competition
- Crafting
- Cross-faction
- Diversity
- Enchanting
- Engineering
- Expansions
- Farming
- Fishing
- Flipping
- Garrisons
- Gathering
- Gems
- Gold
- Grinding
- Guest
- Guides
- Herbalism
- HowTo
- Inscription
- Jewelcrafting
- Just-In-Time
- Leatherworking
- Leveling
- Livestream
- Market
- Mining
- Mogging
- MoP
- Mounts
- Pets
- Podcasts
- Potential
- Pricing
- Prospecting
- Shuffling
- Skinning
- Speculation
- Stockpiling
- Tailoring
- Theory
- Tips
- Tools
- TradeSkillMaster
- Trends
- Tricks
- Tutorials
- Vendors
- Video
- Warlords of Draenor
Congrats! Great read that's quick to the point (Me gusta). Hope you have as much fun reaching the 2 Mil mark!
ReplyDeleteThe recipe for Dig Rat Stew is once again available in game, though it is a BOP version. If you're sitting on the BOE version you may want to dump it now before everyone catches on...
ReplyDelete@Khalior: Thanks, well on my way already!
ReplyDelete@Aortic: I see now that the BOP version was re-added in 4.2 - I'm certainly glad my buyer didn't do their research! :)
GRATS! I started my journey from 10k gold to 1 mill at the Cata launch and I will hit that mark this week!!
ReplyDeleteCongrats and thanks for such a great post!
ReplyDeleteCongratulations! Nice post and have fun going for 2M.
ReplyDelete